About your Search

20120701
20120731
Search Results 0 to 17 of about 18 (some duplicates have been removed)
any other developed nation, the u.s. economy is driven by its citizens and on how confident they feel about their future. this week we learned that the measure of consumer confidence fell for the fourth month in a row to its lowest levels since january. you may disagree with why it's down. but, again, the customer who in this case is the american consumer is always right when it comes to the economy. why? because if americans are worried about the economy, they delay making important purchases and a perceived economic slowdown can easily become a reality. okay. so it's happening. but why? well, probably the biggest reason is this -- jobs. 20 straight months of job growth. yes. but over the last five months, look at that trend. roughly corresponding to the drop in consumer confidence, hiring in america has slowed. a week from now we'll have the job creation numbers for june to see where this trend is going. but until we have a strong jobs recovery, americans are going to hold back. and that is going to hamper a wider recovery. frankly, there is good and real reason to be nervous. it's
's headed to our shores. there's one brewing right here at home. i don't want to mix metaphors. the u.s. storm is actually a cliff, a fiscal cliff. that is the expiration of some tax cuts, some of which you'll know as the bush tax cuts, and some other benefits on midnight on december 31st if congress does nothing. i don't know about you, but i am pretty concerned about what this all adds up to. if you're not, that's good for america. you'll keep spending and if i'm wrong, then i'm wrong. i'll wear that. but i'm not running for office. my job is to arm you with the truth about what is happening in this economy. people's futures are at stake and now more than ever you need to be informed. joining me to discuss our best line of defense against this storm is stephen moore, editorial writer for "the wall street journal." diane swunk, mohammed alarian, ceo of pimco, the world's largest investor in bonds. romney-obama, romney-obama. who cares? it truly doesn't matter who is going to become the president of the united states. because if they win, the things that have to be done to fend off this
>>> the storm i've been warning you about is upon us. the recovery is stalling. the u.s. economy is growing at a snail's pace. i'm ali velshi and this is "your money." >>> gross domestic product, it is the broadest measure of economic activity. it grew by only 1.5% in the second quarter. to really grow the economy and create jobs, the u.s. needs to grow twice as fast. but you already knew that. because gdp measures what you live through. two-thirds of the economy depends on spending decisions directed by you, the consumer. but because this weak recovery feels like a recession to some of you, you're pulling back on your spending and that's because the traditional paths to pros spart are still strewn with debris from the last storm. the big one, the recession. your job and the wage you bring home is the single most important way to build wealth. but despite net job growth for two straight years, job creation seems to be slowing down. earnings for middle income americans fell some 7% in the past decade. and then there are investments. your i.r.a., your 401(k), your pensions. they're
representative who will be part of a sunday vigil for the victims. she's going to be joining us at 4:00. and then the aurora police department will also have an update at 4:00. we'll be bringing that to you live as well. much more straight ahead. right now, time for "your money." >>> i have been warning you of a coming economic storm, possibly another recession in the united states. now some of you don't believe me. but now you will. this is "your money." the economic storm i've been warning you about has now moved beyond what others can do to us. the danger now, it is a real danger, is what we're doing to ourselves. the scorched earth partisan politics in washington could push america over a fiscal cliff and quite possibly into a recession if congress doesn't act. economists now say that the so-called fiscal cliff has now overtaken europe as the biggest threat to the u.s. economy. in other words, our homegrown storm has a bigger chance of causing a hurricane here than the actual hurricane that's blowing our way from europe. now i've been bee rat berating on this show to head off a s
means that while india was focused on educating workers, the u.s. was falling behind. while china was building world-class infrastructure, the u.s. was crumbling. while germany was establishing itself as the factory floor of the western world, the u.s. was losing ground. we already had a consumption-based economy. we just made it bigger. people felt good. they kept up with and in some cases overtook the joneses. one economist is a distinguished professor of finance at the university of chicago, former chief economist with the international monetary fund. and he blames politicians for making easy credit available to their constituents thereby masking that growing income disparity. that's the inequality debate you hear so much about these days. thank you for joining us. tough cutbacks have not worked in europe. we've got unemployment in the eurozone of more than 11%. much higher in some countries. and many argue that the solution is more government spending. the point of which is to create employment enabling consumers to spend more and continue to access credit so europe can consum
and that could fuel a wave of job cuts. all of this is avoidable. congress could rid us of this uncertainty right now. but why eliminate uncertainty when you can use that uncertainty to scare people into voting for you or voting against the other guy? washington won't act before the elections because members of congress would prefer to play russian roulette with the american people in order to get votes. your vote should go to a congressional candidate who is willing to put the economic good over election year politics. harvard economist is a former imf chief economist and the world's leading authority on financial crisis. krista freeland and will cain is a cnn contributor and is so wrong about the truth of this congress that i insist he comes on until i can convince him otherwise. welcome to all of you. >> bravo you for having background music to your sermon this week. i feel like we're about to land on an asteroid. save the world from doom. >> i would like to know where the asteroid is coming from. ken, we have, in my opinion, i'm calling it storms. maybe they're not asteroids, but we have two
post" says the main threat to the u.s., shifting from what others may do to us to what we're doing to ourselves. what we're doing, huge automatic tax increases. on january 1st next year the bush tax cuts, those expire. those tax cuts expire. also, if do you nothing, that means if nothing changes your taxes will likely go up. at the same time, medicare doctor pay will also go down. on top of those tax increases, the very same moment massive cuts to federal spending. if current law stays in place, the government must slash $1 trillion over nine years from federal spending. half of them from defense, half from nondefense departments. the bipartisan policy center says it will cost about a million jobs over two years, one million jobs over two years. not just government jobs, jobs in the private sector mshgs from contractors working with the government and they are quite frankly right now trying to figure out how to prepare those layoff notices. the economy is barely growing right now. 1.7% if you average out the first half of 2012. what we've seen and what the forecast is. the second h
pretty poor. while rays of hope peek through the clouds from time to time, the u.s. economy is fragile right now. families are facing long-term unemployment. there are foreclosures, higher student loan payments, higher medical costs, so the notion that you may have to pay higher taxes by next year could make you to decide not to spend money you otherwise would have spent. i get it. everyone wants lower taxes. you can't have lower taxes. for years and years your federal government both political parties mismanaged the books and spent more money than they took in. our tax system is broken. half the country pays no income tax and the rich pay as a percentage of their income less than the middle class does. we have a tax system that needs entire overhaul and we have a lot of interest to pay on the debt that we have accumulated which is why at least for the moment you can't have a tax cut. what president obama wants to do is extend the tax cut that you have actually been living with for about a decade. back during the final years of the clinton administration the u.s. had a budge
economic headwinds that are strong enough to blow us into another recession. that's where we are today but i'm so caught up in avoiding this recession that some of you think i'm not paying enough attention to how we got here and you may be right because we've got limited time and we need solutions and right now, those solutions, many of them, lie with congress. but there are causes and there are many of them. a simple answer would be the cleanest, the most convenient, out of control deficits or stimulus. it's barack obama or george w. bush, but it's not that simple, not that satisfying. one cause however does stand out amongst many. cheap and ample credit. for years the ability of almost every working american to access more credit than they should have been able to, masked the underlying fact that lower and middle class incomes were not rising. people felt and in many cases actually were wealthier than their salaries or socioeconomic status would suggest. getting a loan and buying a house, often more house than you needed or would have expected to buy, made you feel wealthier. as more
." the economic storm i have been warning you about has now moved beyond what others can do to us. the danger now, and it is a real danger, is what we're doing to ourselves. the scorched earth partisan politics in washington could push america over a fiscal cliff and quite possibly into a recession if congress doesn't act. economists now say that the so-called fiscal cliff has now overtaken europe as the biggest threat to the u.s. economy. in other words, our home-grown storm has a bigger chance of causing a hurricane here than the actual hurricane that's blowing our way from europe. i've been berating congress on this show to pass legislation now to head off a series of tax increases and spending cuts mandated to take effect on january 1st. because congress couldn't come up with a better deal to raise the nation's debt limit last year. i am not alone in my calls. the federal reserve chairman and the international monetary fund are warning congress to act before it's too late. if you get hit by another recession, you'll join me in pointing my finger directly at the political partisanship that sr.
washington post" says the main threat to the u.s., what we are doing to ourself. huge automatic tax increases. on january 1st next year the alternative minimum tax, the bush tax cuts, expire. also if you do nothing, that means if nothing changes, your taxes will likely go up. at the same time medicare doctor pay will also go down. on top of those tax increases, at the very same moment, massive cuts to federal spending. if current law stays in place, the government must slash $1 trillion over nine years from federal spending. half from defense, half from non-defense departments. the bipartisan policy center says it will cause a million jobs over two years, jobs in the private sector, many from contractors working from the government. right now they are trying to figure out how to prepare those lay-off notices. the economy is barely growing right now. 1.7% if you average out the first half of 2012. the second half of 2012, 2.5%. some say it might be too optimistic. if the economy goes off the fiscal cliff, the congressional budget office says gdp will shrink at a rate of 1.3% in the first half
administration, the u.s. had a budget surplus. in the year 2000, the federal government took in $236 billion more than it spent. and the presidential election that year, then-texas governor george w. bush running against al gore pledged to give that money back to the taxpayers. >> we don't believe the surplus is the government's money. we know the surplus is the people's money and we're going to send some of that money back to the people who pay their bills. >> and send it back he did. when he became president, through temporary tax cuts in 2001 and 2003 known as the bush tax cuts. the first of those tax cuts were set to expire back in 2010 but the economy was still shaky back then, so vice president biden and senator mitch mcconnell struck a deal to extend them for two more years for everyone. now those tax cuts are set to expire again at the end of this year. it is part of the so-called fiscal cliff that economists are warning the u.s. could go over if congress doesn't deal with it. now, president obama says let's extend them for another year -- but -- and this is the key point, not for everyon
Search Results 0 to 17 of about 18 (some duplicates have been removed)

Terms of Use (10 Mar 2001)